Turvo International Co (TPE:2233) Equity-to-Asset: 0.56 (As of Jun. 2026) — 15% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

TPE:2233 Turvo International Co Ltd TPE:2233
75 GF Score
Price NT$160.50
GF Value NT$154.17
Valuation Fairly Valued
! 5 Warning Signs
View Full Analysis

What is Turvo International Co Equity-to-Asset?

Turvo International Co TPE:2233 +3.18% 75 Equity-to-Asset is 0.56 as of Jun. 2026, which is 15% below its 10-year median of 0.66. GuruFocus rates TPE:2233 with a GF Score™ of 75/100 and a GF Value™ of NT$154.17 (Fairly Valued). The stock has 5 warning signs investors should review. Among 3,090 Industrial Products companies, Turvo International Co ranks better than 50.78% on this metric.

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Turvo International Co's Total Stockholders Equity for the quarter that ended in Jun. 2026 was NT$4,139 Mil. Turvo International Co's Total Assets for the quarter that ended in Jun. 2026 was NT$7,388 Mil. Therefore, Turvo International Co's Equity to Asset Ratio for the quarter that ended in Jun. 2026 was 0.56.

The historical rank and industry rank for Turvo International Co's Equity-to-Asset or its related term are showing as below:

TPE:2233' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.56   Med: 0.66   Max: 0.73
Current: 0.56

During the past 13 years, the highest Equity to Asset Ratio of Turvo International Co was 0.73. The lowest was 0.56. And the median was 0.66.

TPE:2233's Equity-to-Asset is ranked better than
50.78% of 3090 companies
in the Industrial Products industry
Industry Median: 0.56 vs TPE:2233: 0.56

Turvo International Co  (TPE:2233) Equity-to-Asset Explanation

Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher ROE % because of the leverage.

For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.


Turvo International Co Equity-to-Asset Related Terms


Turvo International Co Equity-to-Asset Historical Data

* Premium members only.

The historical data trend for Turvo International Co's Equity-to-Asset can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Turvo International Co Equity-to-Asset Chart

Turvo International Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Equity-to-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.64 0.69 0.69 0.67 0.60

Turvo International Co Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Equity-to-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.59 0.59 0.60 0.56 0.56

TPE:2233 vs GEV, ETN, PH: Equity-to-Asset Comparison

For the Specialty Industrial Machinery subindustry, Turvo International Co's Equity-to-Asset, along with its competitors' market caps and Equity-to-Asset data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Turvo International Co Equity-to-Asset vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Turvo International Co's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where Turvo International Co's Equity-to-Asset falls into.


TPE:2233
75GF Score
Turvo International Co Ltd TPE:2233
Equity-to-Asset is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Turvo International Co Equity-to-Asset Calculation

Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.

Equity to Asset ratio is calculated by dividing total stockholders equity by total asset.

Turvo International Co's Equity to Asset Ratio for the fiscal year that ended in Dec. 2025 is calculated as

Equity to Asset (A: Dec. 2025 )=Total Stockholders Equity/Total Assets
=3960.744/6624.571
=0.60

Turvo International Co's Equity to Asset Ratio for the quarter that ended in Jun. 2026 is calculated as

Equity to Asset (Q: Jun. 2026 )=Total Stockholders Equity/Total Assets
=4138.974/7388.49
=0.56

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Equity-to-Asset →
What does a Equity-to-Asset of 0.56 mean?
Turvo International Co (TPE:2233) has a Equity-to-Asset of 0.56 as of Jun. 2026. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Turvo International Co and its competitors. This is 15% below median its historical median of 0.66. Over the past decade, Turvo International Co's Equity-to-Asset has ranged from 0.56 to 0.73. According to the industry distribution chart, Turvo International Co ranks #1521 out of 3090 companies in the Industrial Products industry, placing it in the top 49.2%.
Is Turvo International Co's Equity-to-Asset too high?
Turvo International Co's current Equity-to-Asset of 0.56 is 15% below median its 10-year median of 0.66. Over the past 10 years, this metric has ranged from a low of 0.56 to a high of 0.73. The Industrial Products industry median Equity-to-Asset is 0.56. Turvo International Co's value of 0.56 is 0% at this industry median. Based on the distribution chart, Turvo International Co ranks #1521 out of 3090 companies in the Industrial Products industry, which is above the industry midpoint. Overall, Turvo International Co has a GF Score™ of 75/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Turvo International Co's Equity-to-Asset compare to GEV and ETN?
According to the Industrial Products industry distribution chart, Turvo International Co ranks #1521 out of 3090 companies for Equity-to-Asset. This puts Turvo International Co in the upper half of its industry. The industry median Equity-to-Asset is 0.56. Turvo International Co's value of 0.56 is 0% at this benchmark. Historically, Turvo International Co's own Equity-to-Asset has ranged from 0.56 to 0.73 over the past decade. While the company's 10-year median is 0.66 vs. the industry median of 0.56, Turvo International Co has consistently been at the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Equity-to-Asset for an Industrial Products company?
The median Equity-to-Asset among Industrial Products companies is 0.56, based on 3,090 companies in the industry. Companies in the top quartile (top 25%) have a Equity-to-Asset significantly above this median, while those in the bottom quartile fall well below. However, Equity-to-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Turvo International Co's current Equity-to-Asset of 0.56 is 0% at the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Equity-to-Asset mean?
A high Equity-to-Asset can signal that a stock is expensive relative to its fundamentals. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Turvo International Co and its competitors. For the Industrial Products industry, the median Equity-to-Asset is 0.56 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Turvo International Co's current Equity-to-Asset is 0.56, which is 15% below median its own 10-year median of 0.66. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Turvo International Co stock overvalued right now?
Based on GuruFocus' analysis, Turvo International Co (TPE:2233) is currently considered Fairly Valued. The stock's GF Value™ is NT$154.17, compared to a current price of NT$160.50 — trading 4.1% above its estimated fair value. The current Equity-to-Asset is 0.56, which is 15% below median its 10-year median of 0.66 and 0% at the Industrial Products industry median of 0.56. Turvo International Co's overall GF Score™ is 75/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Equity-to-Asset calculated?
Equity-to-Asset is calculated from a company's financial statements. For Turvo International Co (TPE:2233), the current Equity-to-Asset is 0.56 as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Turvo International Co (TPE:2233) Overvalued in 2026?

Based on GuruFocus' analysis, Turvo International Co stock appears to be overvalued. The current stock price of NT$160.50 is trading 4.1% above its estimated GF Value™ of NT$154.17. GuruFocus considers Turvo International Co to be Fairly Valued.

Key valuation signals for TPE:2233:

  • Equity-to-Asset: 0.56 (15% below median its 10-year median of 0.66)
  • GF Value™: NT$154.17 vs. price of NT$160.50 (4.1% above fair value)
  • GF Score™: 75/100 with 5 warning signs
  • Industry Position: 0% at the Industrial Products median (#1521 of 3090)

No single metric tells the full story. See the TPE:2233 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Turvo International Co Business Description

Address No. 27, Jing 2 Road, Taichung Harbor Export Processing Zone, Wuci Township, Taichung, TWN
Turvo International Co Ltd is a Taiwan-based company engaged in the manufacturing and marketing of air tools, machine elements, hardware parts, wood lathes, and wood planers used on these products. The Company also processes, manufactures, and markets optical elements. Its main products are connectors and sensors, which are mostly applied in automotive, medical, industrial, and electronics industries. It has two reportable segments as follows: The Taiwan segment produces, manufactures, and trades precision metal processing, including automobile, industrial application, and household application, etc. China segment produces, manufactures, and trades precision metal processing, including computer, medical equipment, optical, and precision metal hardware, etc.
75GF Score

Get the complete analysis for TPE:2233

Equity-to-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

NT$160.50
Price
NT$154.17
GF Value